We could get a pull back at this point i just sold 1/2 for a nice gain if we drop a few bucks will reload.
Great day with overall market tanking. Maybe good news great earnings increased dividend??? This Company is still undervalued in my opinion.
and has a Mrkt cap of $744M. PBF can refine up to 540Kbrl/day compared to just 151Kbrl/day for WNR so PBF is a MUCH MORE DESIRABLE STOCK TO OWN HERE.............Just compare Mrkt caps of both to see PBF can double and still be considered cheap if using the metrics they are using to buy WNR.
California refining margins are temporarily high due to an Exxon refiner being out right now I think, but margins can possibly be high all over the country for some time to come since we have an ample supply of WTI crude so WTI spread with Brent should be supportive.
WNR also has pipelines, retail stations, asphalt busines, but the profit-driver is the refining right now that has that stock where it is just go to their website to see they just produce 151K brls/day but could be more if their site needs to be updated-I don't know. I think an Exxon refinery went out in California so that might be the reason why WNR is around $500.............I have checked Refining margins from Valero since I own that too, and Valero currently has West Coast margins at about $27 and Northeast margins at about $22 so good for PBF since PBF has a Huge refinery on the East coast. I just don't know what kind of refining margins PBF is seeing-DO YOU KNOW?
refines just around 150K so that tells me PBF, which refines about 3X more, should be trading much higher than $35 by the time earnings are announced so hold on for the RIDE OF YOUR LIFE................They must be printing money now
Ppl is spinning off its power generation that is not regulated .ppl will make a nice return on investment and the divy is very safe about 4.5% and will grow take some time to check it out.
We all do typos here on these boards so no correction needed because I mostly skim through these posts in like a second to get the jest and never pay attention to typos..............Now and then a teacher shows up and makes my day with grammar/typo corrections-LOL.
Hope so sure would like to see it get in the mid 30`s. For some reason ever more up is followed by a sell off. Cannot seem to keep the upside going I hope that changes soon..
I just wonder why they would sell it off today with the market up so much? WTI fell 2.55% to $47 while Brent fell 0.95% to$57 so the spread keeps getting bigger and refiners make more $.